Definitive Healthcare Expands into Medical and Scientific Expert Identification with Acquisition of Monocl
Definitive Healthcare adds broad expert data to its life sciences offering to help clients advance clinical development and commercialization of innovative drugs and therapies
Definitive Healthcare, the leading provider of data, intelligence, and analytics on the healthcare market, announced its acquisition of Monocl, the pre-eminent subscription-based provider of medical and scientific expert data and insights. With this acquisition, Definitive Healthcare broadens its support of customers within its fast-growing life sciences segment with essential data assets and analytics designed to propel the work of Medical Affairs departments.
“The acquisition of Monocl brings together two powerful intelligence platforms to provide best-in-class data, analytics and insight that will help biotech and pharmaceutical companies accelerate clinical research and commercialization of new drugs and therapies,” said Jason Krantz, founder and CEO of Definitive Healthcare. “Monocl shares the Definitive philosophy of providing the highest quality data through an online interface that gives clients the ability to access and analyze real-time information and intelligence.”
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Monocl delivers deep professional profiles on millions of experts worldwide to help companies identify and engage industry experts with the greatest knowledge, influence, and relevancy within the disease categories their drugs and therapies address. Traditionally, this data has been time-consuming to identify, inefficient, and incomplete, but the Monocl platform has transformed expert identification and engagement by providing users with real-time access and searching for experts globally.
“Monocl further fortifies our team with experienced industry veterans and with a strong life sciences and healthcare network,” Krantz added. “Our combined offering will expand the value of the Definitive solution set by enabling our clients to research and engage prominent experts to advance drug and therapy research and go-to-market strategies.”
Through deep expert profiles and high data quality, targeted searching, and powerful filtering, the Monocl platform delivers algorithmically ranked experts of unmatched relevance to the user. Pharmaceutical professionals have the flexibility to identify and prioritize key influencers to support their specific objectives, evaluate spheres of influence, and share deep insights via digital workspaces for multi-team collaboration.
“Monocl has always been laser focused on delivering critical expert insights through software to provide our clients with a unique competitive and collaborative edge,” said Bjorn Carlsson, CEO and co-founder of Monocl. “We are thrilled to unite the power of our groundbreaking expert platform with Definitive’s comprehensive and complementary healthcare provider platform and medical claims analytics. This is truly an example of the whole being much greater than the sum of its parts.”
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With this acquisition, Definitive Healthcare fortifies its product offerings for life sciences companies by delivering relevant data sets and analytics to both commercial teams and Medical Affairs departments. In addition, Definitive expands its international presence from North America to Europe and Asia.
In 2020, Definitive Healthcare was, again, named to the Inc. 5000 Fastest-Growing Private Companies, Deloitte’s Technology Fast 500, and to the Boston Business Journal’s Fast 50. The Company was also recognized with the 2020 CODiE product award for Best Big Data Reporting and Analytics Solution and with the 2020 MedTech Breakthrough award for Best Healthcare Data Platform. For the second consecutive year, Definitive Healthcare was awarded a Silver Stevie Award for industry-leading Customer Service and Satisfaction. Definitive was also named Massachusetts’ #1 Best Large Company to Work for in 2019 by the Boston Business Journal.
“It was really important for us to join forces with a partner that shares our commitment to customers and to providing products enabling the best insights possible. We could not have found a better match, and our entire team is thrilled to be joining the Definitive family,” said Carlsson.
Monocl will continue to serve its worldwide customer base under its current brand, as a Definitive Healthcare Company, and will maintain its existing operations in the US and Sweden. Bjorn Carlsson will be a member of Definitive Healthcare’s executive leadership team and will report directly to Jason Krantz.
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